Anthropic to disclose IPO filing Monday, targeting multi-trillion valuation
Anthropic will make its initial public offering filing public around 9 a.m. ET on Monday, aiming for a valuation near $2 trillion.
Anthropic intends to publicize its IPO filing at about 9 a.m. ET on Monday. The firm, creator of the Claude AI model, expects the offering to rival the scale of SpaceX's IPO. Morgan Stanley and Goldman Sachs have been named joint bookrunners, and the underwriting team aims to raise as much as $100 billion, valuing the company near $2 trillion.
Marketing of the shares may begin the week of Nov. 9, with a roadshow scheduled for that time and pricing to follow market conditions. The draft prospectus shows first-half 2026 revenue of $16.3 billion, up from $1.1 billion in the comparable period of 2025, and a net loss of $80.7 billion, most of which stems from non-cash bookkeeping and financing items. Anthropic also announced a plan to allocate 5% of its stock to a public-benefit fund, potentially increasing to about 20% of its equity for public-good purposes.
Why it matters
The filing signals a potentially historic tech IPO that could reshape AI market dynamics and investor exposure.
How this story developed
- Oct 6 US and China clash over AI chips, model copying, safety and robotics
- Oct 12 In places like Los Angeles, Miami, Philadelphia and Sacramento, delivery robots have been subjected to repeated physical attacks, some of which were recorded and shared online. City officials and analysts note that the vandalism reflects unease about AI and corporate presence on sidewalks. While about 5,000 robots operate nationwide with few incidents, companies such as Serve Robotics are investing heavily despite recent financial losses.
- Oct 15 Apple received clearance to embed Alibaba models in its AI system for the Chinese market.
- Oct 18 Microsoft has ended its planned partnership with British neocloud Nscale for a data centre in Loughton, Essex, citing ongoing power supply issues.
- Oct 19 Microsoft announced it will not honor the agreement as anchor tenant.
- Oct 20 SpaceX posted $14.6 billion in Q3 revenue, a 161% year-over-year rise driven by its Super Intelligence segment and expanding Connectivity business.
- Oct 23 SpaceX disclosed a $14.6 billion Q3 revenue figure, updating the earlier description of its earnings.
- Oct 23 Beijing has begun subsidizing embodied AI ventures and announced a $1 billion IPO for Unitree.
- Oct 25 The emergence of rival US‑led and China‑led AI blocs has become a central feature of the story.
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